Skip to main content
Sign In
Skip to chart
Drift protocol

Drift protocol

DRIFT
#753
$0.01124Down 1.92 percent($0.00)

Key Stats

Total Supply1000.00M DRIFT
Max Supply∞
Circulating Supply617.69M DRIFT
Launch Date2024-03-28
Built OnSOL
Token StandardSPL
Smart Contract AddressDriFtu…jwg7
Decimal Places6

Drift protocol Information

Websites
www.drift.trade
Industries
Governance

Drift protocol Price Converter

Drift protocolDRIFT
USD
Loading chart...

Latest Drift protocol News

View all

Drift protocol Markets

View all
coindesk-loading-spinner

Drift protocol Supported Platforms

View all
Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
DRIFTSPLSOLDriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg72026-09-16

About Drift protocol

Drift Protocol operates as a decentralized platform on the Solana blockchain for trading cryptocurrencies, particularly focusing on perpetual swaps. It offers features that support leveraged trading and other financial activities in a non-custodial manner. The creators, Cindy Leow and David, developed Drift Protocol to blend the functional benefits of centralized trading systems with the transparency and community-driven approach of decentralized finance.

Frequently Asked Questions

Drift Protocol is a decentralized exchange constructed on the Solana blockchain. It facilitates non-custodial trading of cryptocurrencies, specifically focusing on perpetual swaps. The platform allows users to trade with leverage, engage in borrowing and lending, and participate in liquidity provision and staking.

Drift Protocol enables on-chain trading of perpetual futures using a cross-margined mechanism. This allows users to manage trades in a decentralized environment, leveraging features that include borrowing at variable rates, staking for yields, and swapping spot tokens. The protocol employs a Just-In-Time Auction mechanism and a Keeper Network to manage order execution and liquidity.

Drift Protocol was co-founded by Cindy Leow and David. They aimed to merge the efficiency and user experience of centralized exchanges (CEX) with the autonomy and transparency of decentralized finance (DeFi).